The Environment Exchange (t2e) is a marketplace provider. It is an integrated internet-based regulated marketplace operator providing settlement and dispute resolution services. t2e currently provides a transparent marketplace for the following markets: Packaging Recovery Notes (PRNs) and Recovered Paper (RP). Our aim is to provide our participants with an effective, secure and transparent method of buying or selling environmental economic instruments and commodities by providing a complete service from placing the initial order to the final settlement of the resulting transaction. The Environmental Exchange (t2e) was launched on 28th November 1998 to provide an integrated electronic market-place service for those involved in the Packaging Waste Recovery Note (PRN) market. The service includes transaction, clearing, settlement, delivery and information services.